{"id":63497,"date":"2025-08-12T21:33:10","date_gmt":"2025-08-12T21:33:10","guid":{"rendered":"https:\/\/www.newsbeep.com\/au\/63497\/"},"modified":"2025-08-12T21:33:10","modified_gmt":"2025-08-12T21:33:10","slug":"ethereum-and-us-indices-race-higher-after-in-line-us-cpi-market-wrap-for-the-north-american-session","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/au\/63497\/","title":{"rendered":"Ethereum and US indices race higher after in-line US CPI \u2013\u00a0Market wrap for the North American session"},"content":{"rendered":"<p data-block-key=\"squ3r\">This morning&#8217;s US CPI report came almost exactly in line, and the fact that there wasn&#8217;t much diversion from expectations led to traders decidedly pricing the 25 bps Cut for the Federal Reserve&#8217;s September meeting.<\/p>\n<p data-block-key=\"7vk87\"><a href=\"https:\/\/www.marketpulse.com\/markets\/us-cpi-comes-as-expected-market-reactions\/\" rel=\"nofollow noopener\" target=\"_blank\">You can access the report right here.<\/a><\/p>\n<p>US Equities have rallied throughout the session after a relatively mixed open. The Dow led to the upside before the S&amp;P 500 and Nasdaq decidedly flew higher.<\/p>\n<p>All major US Indices close above 1%, with Tech making a V-Shape reversal led by Meta (+3.14% on the session) which put the Nasdaq back on top, up 1.26% at the end of the session.<\/p>\n<p>The less traded Russell 2000 is actually closing up 3% on the session, with rate cuts largely profiting small-cap stocks.<\/p>\n<p>Ethereum also enjoyed another fresh buying wave taking it to $4,500, levels unseen since November 2021.<\/p>\n<p>Equities and Cryptos really outshined other asset classes in today&#8217;s session, with Metals up small and Energy commodities getting sold off further.<\/p>\n<p>In Forex, the Royal Bank of Australia proceed with their 25 bps cut to 3.60% with an unanimous vote which was close to 100% priced in after the disappointing Australian Jobs numbers from earlier this month.<\/p>\n<p>The rate cut from the RBA helped to propulse the ASX (Australian Equity Index) to new all-time highs, finishing the session around 8,900.<\/p>\n","protected":false},"excerpt":{"rendered":"This morning&#8217;s US CPI report came almost exactly in line, and the fact that there wasn&#8217;t much diversion&hellip;\n","protected":false},"author":2,"featured_media":11782,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12],"tags":[64,63,99,171],"class_list":{"0":"post-63497","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-markets","8":"tag-au","9":"tag-australia","10":"tag-business","11":"tag-markets"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/63497","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/comments?post=63497"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/63497\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media\/11782"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media?parent=63497"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/categories?post=63497"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/tags?post=63497"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}